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a fiscal cliff deal. and he says it's doable. tonight's market monitor guest is not scared off by cliff worries. he's buying stocks, saying the markets will do well in the new year. he's richard steinberg of steinberg global asset management. and warren buffett, the oracle of omaha has plenty to say on taxes and the fiscal cliff: we talk with his long-time friend and "fortune" magazine journalist carol loomis. that and more tonight on "n.b.r." some straight talk from president obama tonight about the fiscal cliff. speaking to reporters from the white house he said he's ready and willing to get a comprehensive package done, but it's up to republicans and democrats to make it happen. >> nobody gets 100% of what they want. everybody has to give a little. >> susie: the president also proposed a smaller package that prevents taxes for 98% of americans from going up and for unemployment insurance to be extended. he pressed lawmakers to agree on this in the next ten days. darren gersh has details. >> reporter: one day after the collapse of efforts to avoid the fiscal cliff, all sides were spea
to entertainment, it's education. call me. fiscal cliff talks. let's be optimistic. use the word stall. the president gave us a little hope tonight that an agreement to avert a middle class tax hike could still occur next week. saw the breakdown play hideously in the session today. dow shrimping 120 points. nasdaq diving .96%. it makes sense the market got a whacking when you consider that the speaker of the house didn't have enough votes in his own party to push through any tax increases and the president says there's got to be some. that's even for people making more than a million bucks. it was for show. the president would have vetoed the bill. he insisted again that he will not -- tonight, he's not about to let the rich get away with it, whatever that means. we have been worried that since the election the politicians won't rise above partisanship and come to an agreement. we at cnbc have taken an historic position. get a deal done for the good of the country. what faces us is worrisome. nation could see 2 million jobs loss. slashing of unemployment benefits when you are laying pe
in the house for his plan the proposal on the fiscal cliff has embarrassed the speaker, but the speaker's failure means a solution to the fiscal cliff is, if they're going to be one, now resting squarely upon president obama. arsine to be vacationing president alone cannot propose legislation that wins majority support in both the house and senate, and the decision to go over the fiscal cliff now depends on his ability to successfully negotiate and to forge a compromise that appeals to both republicans and the far left in mr. obama's party. the president met with senate majority leader harry reid this afternoon and talked with speaker boehner to begin anew that effort to reach compromise. >> averting this middle-class tax hike is not a democratic responsibility or republican responsibility. with their foes the american people have determined that governing is a shared responsibility between both parties in this congress laws can only pass with support from democrats and republicans, and that means nobody gets 100 percent of what they want. lou: there are only ten days remaining to the f
we got the fiscal cliff. president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, ng some careless, maybe reached the fiscal cliff deal. how speaker ohn boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying t
anything. this fiscal cliff doesn't solve our long-term debt propses. lou: breaking with the practice and policies of washington over the course of the past 50 years. stepn hayes, thank you very much. judith miller, thank you very much. john fund, thank you. time for a few quick comments. ken wrote us to say, correct me if i'm wrong, wasn't it the obama administration that released thousands of guns into the hands of criminals? now they want to talk gun control for law-abiding citizens? that was just "fast and furious." mike tweeted us about benghazi and the report, always blame the dead guys. they did. thanks for being with us. gerri: hello, everybody. i am gerri willis. ten days until we got the fiscal cliff. president obama speakingmoments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. wit
, -- at least today, the stock market did not like peeking over the fiscal cliff. >>> shoppers looking for one thing and one thing only, yep, the shoes. >>> coming up, the timing of two very strong heavy rainbands that'll move in this weekend and your christmas forecast >>> congress and president barack obama are heading into christmas break without an end to the fiscal cliff. >> this is something within our capacity to solve. it does not take that much work. we just have to do the right thing. >> because of the political divide in the country, because of the divide here in washington, trying to bridge these differences has been difficult. >> republican house speaker said it is up to president barack obama and senate democrats to draft a deal. >>> growing pessimism about a deal getting tk-b sent stocks into a tail spin. the dow suffered triple digit losses and the nasdaq took a hit falling 29. california's unemployment rate is below 10% for the first time in almost four years. the latest unemployment rate dropped to 9.8% in november. down from 10.1 in october. jobless rate has not been this lo
a "fiscal cliff" compromise on -- leave for the holidays and leave a "fiscal cliff" compromise on hold. what's left to find common ground with only days to make a deal. >> a milestone for california's jobless. the new number and where unemployment is still double the national average. >> an annual pampering for the mom. ,,,,,,,, president and congress are headed home for vacation. t president did offer a finala for a resolution... cbs repr >>> 10 days until the country falls off the "fiscal cliff." washington is going home for christmas. tara mergener on the president's parting thoughts. >> reporter: president obama called on house speaker john boehner to come back to the negotiating table to avoid the "fiscal cliff." >> as of today, i am still ready and willing to get a comprehensive package done. >> reporter: the house did not even vote on speaker john boehner's proposed plan b because it didn't win enough republican support. >> good morning, everyone. >> reporter: the speaker says the ball is in the president's court. >> unless the president and congress take action, tax rates will go up
-called fiscal cliff on friday here in washington. first, speaker boehner's morning news conference, followed by house minority leader's nancy pelosi i. then president obama friday afternoon from the white house. issue is not whether health care will be stigmatized or condemned. we know the answer to that. the issue is how many different times can the government to punish him as a result of that moral condemnation. the answer in the double jeopardy clause is one. >> starting monday and a threat christmas week, c-span.org radio is featuring supreme court arguments by current justices before they were on the bench. you can listen to c-span.org radio in the washington baltimore area at 90.1 fm. or online at c-span.org. >> if you worked for him, you would get a material, sometimes generous, sometimes over barry -- overbearing, almost cruel boss. he did not know how to apologize. men of his age and class, they are not going to apologize to their secretaries or typist. he had a way of turning the tables in his version of an apology, which would be to say, i am actually a very kind man, and you are
still think we can get it done. >> president obama is doing everything he can to avert a fiscal cliff disaster for the middle class. the republican implosion gives democrats even more leverage in the fiscal cliff negotiations. i'll ask dnc chairwoman debbie wasserman schultz, will this latest move by the president be enough? >>> revolting, tone-deaf, disastrous. the nra blames everything but guns for gun violence in america including 20-year-old video games, and they reverse an opportunity to heal the country for a commercial for more guns. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> congressman jim moran and reverend jesse jackson react to today's circus. >> this is the beginning of a serious conversation. we won't be taking questions. >>> reporting for duty. >> and john kerry biographer douglas brinkley on the senator's big nomination. >> good to have you with us tonight, folks. thanks for watching. it's home for the holidays with no deal. house speaker john boehner only has himself to blame. boehner's plan b gimmick failed big time last night at t
-called fiscal cliff with stephen dinan and then we get more comments. first president obama nominating senator john kerry of massachusetts to be the next secretary of state of the united states. and in his announcement the president spoke about john kerry's background in foreign affairs and what makes senator kerry a good nominee to be the next secretary of state. >> john's entire life has prepared him for this role. the son of a foreign service officer. he has a deep respect for the men and women of the state department. the role they play in advancing our interests and values and the risks they take and make in sacrificing their families. and especially our military power. and he knows from personal experience that when we send our troops into harm's way, we must give them a strategy, a clear mission and the resources they need to get the job done. in an extraordinarily distinguished senate career and as chairman of the foreign relations committee, john has played a major role in every foreign policy debate in years. he understands we have to harness all elements of american power and ensure
if the country goes over the fiscal cliff. this is what might happen when you chip away at a problem without thinking away at all of the implications about your approach ♪ it's the most wonderful time of the year ♪ [ laughter ] >> john: trying to fix the little part while ignoring the big part. keep it on fox and "the fox report" is coming up next. >> harris: this is the fox report. tonight, drama from washington to wall street. no deal on the fiscal cliff on this final friday before christmas. negative reaction from investors as the president speaking moments ago tries to calm the fray. plus, president obama making it official. >> i'm very proud to announce my choice for america's next secretary of state, john kerry. >> the president calling on the veteran massachusetts senator to fill secretary clinton's spot. plus in the wake of the new town shooting the national rifle association breaks its silence. >> out of respect for the families and until the facts are known, the nra has refrained from comment. >> harris: and the group's ceo placing some blame. >> we have flood soaked films out
. >>> meanwhile, stocks had a fiscal cliff selloff. but even a deal in january for the cliff is going to be all right if you ask me. and today's economic numbers pretty darn good. and the gun control debate heats up again today after a controversial nra news conference in washington. the "kudlow report" begins right now. >>> all right. let's first look at the market reaction to this fiscal cliff stuff. jackie joins us with the details. good evening, jackie. >> good evening to you, larry. while markets finished lower on the day, they were higher on the week. the dow up about .5%, the nasdaq higher by 1.7%, and the s&p 500 up by roughly 1.2% over the last five days. meantime in terms of sector performance, the financials, they had a rough day. the plan "b" proposal for the fiscal cliff. up more than 3% for the week. also technology and materials they finished lower on the day, as well, but higher for the week. the worst-performing sectors this week, consumer staples, telco, and health care, and in terms of the individual stocks that we were watching on the s&p 500 nyse was bigger with a 30% upsid
and house speaker boehner left washington without reaching a deal on the fiscal cliff. before heading to hawaii, president obama said he met individually with leaders of the house and senate, asking them to work toward a package that prevents a tax hike on middle class americans. >> this is something within our capacity to solve. it doesn't take that much work. we just have to do the right thing. so call me a hopeless optimist, but i still think we can get it done. >> earlier in the day, speaker boehner held a news conference. a vote on his so-called plan "b" was scrapped thursday night when it became clear it did not have enough support among house republicans to secure passage. >> a situation where because of the political divide in the country, because of the divide here in washington, trying to bridge these differences has been difficult. if it were easy, i'll guarantee you this would have been done decades before. >> joining me now, congressional reporter for "the washington post," ed o'keefe. good to see you. >> good to see you too. any kind of realistic timetable that this will
left to act to avoid a plunge over the fiscal cliff, the president and congress have left washington for the holidays leaving the clock ticking down to an across-the-board tax increase for most americans. ten days is enough time to make a deal if republicans and democrats each decide to give some more ground. but tonight there are no such signs. that leaves millions of holiday shoppers tonight spending money against a paycheck that may soon get noticeably smaller. we'll dig down on how this could affect your bottom line. but first, let's find out where negotiations stand. nbc's kristen welker is traveling with the president in honolulu. hello, kristen. >> reporter: lester, good evening. president obama played a round of golf this afternoon but white house officials say this is also a working vacation for him and for his staffers. that is little comfort for the millions of americans wondering what the uncertainty in washington means for them. president obama arriving in hawaii after leaving a washington in disarray. while the president put politics aside for his weekly address -- >> m
on the edge of a fiscal cliff after a breakdown in talks on reaching a deal. president obama and lawmakers have left town taking a few days off for their christmas health. then it's back to the drawing bord and with budgeted talks in disarray, president obama and speaker john boehner are searching for a way to avoid tumbling over. >> we move forward together or we don't move forward at all. so, as we leave town for a few days to be with our families through the holidays. i hope it gives some perspective. >> we propose plans that democrats used to support but now they won't. i don't want taxes to go up. republicans don't want taxes to go up. but we only run the house, democrats continue to run washington. >> gregg: national correspondent steve centanni joins us live from washington. >> reporter: d.c. may be some shutting down for christmas but the clock hasn't stopped and fiscal cliff is closer than ever. no deal was reached this week to keep taxes from going up. joan boehner pulled plug on the plan "b" and he says it is now up to the president and g.o.p. is continuing to hammer away at pre
in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with sete democratic leader harryeid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal cliff. we expect the president to say that he still wants to get a deal with republicans to do that. that is still going to be time. however, that they will have to do it after the christmass3 holiday. the president plans, is planning to go to hawaii for christmas with his family. speaker boehner has left town. gone back to ohio. for the holiday. the senate is expected to come back on, on december 27th, the thursday next week, which is the earlit that they would be expected to get back to work on this. melissa? melissa: peter, who's left? sounds like it is a ghost town there. sounds basically two guys that are still left working. >> yeah, i don't kno
-called fiscal cliff we have been talking about, after failing to get enough support for his plan, john boehner now says it is up to democrats to come up with a solution. with the deadline just days away now and the president and congress home for the holidays, do lawmakers have enough time to reach a comp nize? how would it work? national correspondent steve centanni may be the only person left in washington. steve. >> reporter: it feels like it, the president is in hawaii and congress is out of town and the fiscal cliff negotiations are on hold for the holidays with no agreement in sight. john boehner is throwing the ball in the democrats' court saying the debt is too high, spending out of control and taxes should not go up. in the g.o.p.'s weekly address, he accused the president and the democrats of refusing to accept a reasonable compromise. >> the best way to address our crippling debt is to make significant spending cuts and fix our tax code. to pave the way for long term growth and opportunity. this is an approach most americans support and remains republicans' highest priority. but we
they get it done? and if they can't, where do we go from here. as the fiscal cliff looms overall in washington, what happened to the immigration debate we all expected after election day? and leading into this holiday weekend, thousands of flights being delayed, look at the list here as a winter storm hits the midwest, we will tell you what is ahead for the travel plans. we begin with the stalled fiscal cliff debate. president obama and his family are vacationing in hawaii and congress is on holiday recess. both sides are holding out hope that they will be able to reach a deal. >> this is something within our capacity to solve. it does not take this much work. we just have to do the right thing. >> of course, hope springs eternal and i know we have it in us to come together and do the right thing. >> listen to that, and it seems like they are both positive and feel something can get done. while both sides are away, the away and president in hawaii, can they get something done? >> reporter: well, look, richard, this will be a working vacation for president obama and i can also tel
with its biggest test yet. >> thanks so much, pete. >>> more now on the gun debate in and the fiscal cliff. joining me is congresswoman diana of colorado. welcome to you, glad to have you join us. >> good morning, alex. >> the nra says the answer to gun attacks is putting police with guns in the schools. you are from colorado and you knee did not work in the columbine attack because there were armed guards will, right? >> right. alex, columbine is in my congressional district and i was in congress when columbine happened. they had would armed guards there. many of the schools already have armed guards. you know, just saying we need to make bigger fortresses of our elementary schools is really an unbelievable and shocking answer to the issue of these assault weapons and these -- the assault magazines. i mean, it is -- it boggles the mind. a lot of us who are gun control advocates had hoped that the nra by taking a few days to think about it would really think it through and let's come to the table. let's really talk about what gun ownership means. and let's talk about the fact that the only
closer and closer to the end of the year with no fiscal cliff deal in sight. and as a result, consumer sentiment is falling off a cliff, just like the fiscal cliff we're going to fall off so we've got a problem on our hands and couldn't happen at a worse time and today, super saturday, the second busiest day of the year. >> brenda: well, a lot of retailers are saving the big discounts until right at christmas and after. if consumers know that, maybe they're waiting, too? >> that's right. a lot of us are procrastinators and haven't started our shopping and a ways to go. you retail holiday season ends on january 31st, not december 31st or december 25th. retailers close their year end books at the end of january and so there's still time, we're going to get a deal on the fiscal cliff, i'm sure of it and there's time for retailers to have great sales for for consumers to go out there and buy stuff and we could have a boom in january. >> brenda: the optimistic, but procrastinating susan and maybe why you haven't received your gift yet. do you buy her math there? >> susan sounds like preside
. they're very concerned about fiscal cliff, however, very concerned about money being taken out of, the core of the middle class of our economy. it truly fuels their businesses and they're looking for the congressman and president to step up and make sure, you know, we keep the middle-class programs that support keeping money in the economy. >> you talk about fiscal cliff. through so much of the election season we talk about uncertainty and people do not plan in the face of uncertainty. after that, once this is resolved in one way or another. what do you think small business owners will do, the ones that you speak with? >> i think coming in 2013, the big issues will be tax reform. even though we're addressing the fiscal cliff, there's a larger budget looming and tax reform will be a big component of that. what's it going to look like and i also think health reform. the health reform law is here to stay. 2013 is that drop dead date of when everything is supposed to be implemented so next year is going to be a critical year where we see everything plays out and what it means in terms
to avoid the fiscal cliff. the president said he hoped any deal to avoid the fiscal cliff would also include and extension of unemployment insurance and lay this is about 7 minutes. >> good afternoon, everybody. for the last few weeks, i have been working with the leaders of both parties on a proposal to get our deficit under control, to avoid tax cuts -- to avoid tax hikes on the middle-class. and to make sure we can spur jobs and economic growth. a balanced proposal that cuts spending, but also ask the wealthiest americans to pay more, a proposal that will strengthen the middle class over the long haul, and our economy over the long haul. in the course of these negotiations, i offered to compromise with republicans in congress. i met them halfway on taxes and more than halfway on spending. today, i am still willing to get a comprehensive package done. i still believe that reducing our deficit is the right thing to do for the long-term health of our economy and the confidence of our businesses. i remain committed to working towards that goal, whether it happens all at once, or whet
to the ongoing negotiations to prevent the so- called fiscal cliff we have mentioned. there are just 10 days to go until this potentially damaging combination of tax increases and spending cuts goes into effect, but so far, the politicians seem no closer to averting the plunge. president obama is pressing for action. he had this to say just a few minutes ago. >> i just spoke to speaker boehner and i also met with senator reid. i have asked the leaders of congress to prevent tax hikes on middle-class americans, protect unemployment insurance for 2 million americans, and lay the groundwork for further work. that is an achievable goal. that can get down in 10 days. >> president obama there on the upcoming fiscal cliff. joining me now to discuss the standoff is the bbc's ben wright. thank you very much. was there anything in the president's speech that would give us any cause for optimism that is the cliff can beat averted? >> i thought his tone was interesting. he was optimistic an exasperated at the same time. he reminded people in congress they only have 10 days left to find a deal before the
tax bill as the so-called fiscal cliff of automatic spending cuts and tax hikes comes ever closer. >> his proposal, known as plan b, was shot down by republicans who refuse to support any tax increases. the plan would have raised taxes on income over $1 million. he says it is now up to president barack obama to come up with a solution. >> what could that mean for ordinary americans? our reporter went to find out. >> store manager jennifer thomas sells trendy designer fashions at her boutique in the u.s. capitol, washington, d.c. it is a tough business. competition is fierce, and it could get worse if the u.s. were to slip over the fiscal cliff. automatic tax hikes across the board would mean less disposable income for american consumers. >> i think our biggest concerns here are we will not be seeing people purchase as many items as they have in the past. we will see people buy jeans and a top, but they will not buy an additional pair of jeans or a dress on top of that. >> many customers are already pinching pennies. >> it has put a lower ceiling than normal on what we can spend fo
. we look at how the president hopes to get a plan of attack on the looming fiscal cliff. plus. massive winter storm pounds the area. we have more of this video ahead. as kron 4 news at 11 continues. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- with the keurig vue. >>pam: after a meeting today with leaders of both political parties. president obama called on congress to quickly come up with a solution. to avoid the fiscal cliff. that is the end- of- the year trigger on tax hikes. and spending cuts. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both and deficit reduction. >>p
the fiscal cliff and no deal in site. tonight president obama urged congress to broker a scaled down deal. >> i just speak to speaker boehner, and i also met with senator reid. in the next few days a asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> yesterday the house speaker john boehner failed to garner enough support from his own party to even hold a vote on his plan to raise taxes for those with an income over $1 million. >> while we may have not been able to get the votes last night, to avert 99.81% of the tax increases, i don't think they weren't taking that out on me. they were dealing with the perception that somebody might accuse them of raising taxes. >> "outfront" tonight, chief white house correspondent jessica yellin and dana bash. ladies, nice to see both of you. jessica, we'll start with you. the president's message was short a
on the fiscal cliff talks a few minutes as well. >>> it's official. bp oil company will pay up to the tune of $7.8 billion. that is a class action settlement amount they agreed to pay, about 100,000 businesses and individuals hurt by the biggest oil spill in american history. a federal judge formized the settlement yesterday. a lot of gulf coast residents opted out of the class action suit and are pursuing lawsuits on their own. >>> in egypt today, more effects of a brand-new government's growing pains. the vice president is out. he is stepping down there. this man, mahmud mechanicy announced political life does not agree with him, and he'll go back to being a judge. it's the same day the egyptian people are voting for a second straight weekend on proposed changes to the country new islamist backed constitution. egypt's new president gave himself near absolute power. >>> a former u.s. marine who spent four months in a mexican prison is free today. jon hammer was locked up in august on weapons charges. his family says he was physically abused in custody, threatened, chained to a bed and never saw
. >> thank you very much. >>> good evening, i'm in for chris matthews. leading off tonight, fiscal cliff hanger. president obama calls on congress to act after christmas on a scaled down deal that would spare the middle class from tax hikes on the first of the year. >> we've heard plenty of people calling for new gun control laws, but very little from the national rifle association until now. in a bizarre news conference that was interrupted twice by protesters, the head of the nra. it's the same line we've heard before from the nra, but has the country's relationship with guns fundamentally changed since newtown? and what we saw last night from house republicans is yet another symptom of the real problem for the gop. they don't believe in compromise. and they've lurched too far to the right. we begin with where things stand on the fiscal cliff, msnbc political analyst and msnbc contributor jared bernstein. jentle men, president obama tonight said he had spoken with speaker boehner in addition to senate majority leader harry reed. >> i just spoke to speaker boehner and i also met with se
-called fiscal cliff, saying it's now up to the president and democratically controlled nate senate to come up with a solution. >> what the president has offered so far simply won't do anything to solve our spending problems and our nation's crippling debt. instead he wants more spending and tax hikes that will hurt our economy and reduces the challenges of his party to deal honestly with the entitlement reform and the big issues that are facing our nation. that's why we find ourselves here today. >> jamie: there's just nine days left. can the lawmakers work out a deal before it's too late? angela mcglowan is a fox news analyst and michael meehan ceo of ben square communications, and advisor to senator john kerry, quite a week for him. angela, before i talk to you, is whether or not a deal could happen before it's too late, is that question moot? >> no, it isn't, jamie. a deal can happen and i believe that a deal will happen. i'm going to make a statement that president obama made about being optimistic. i'm optimistic that they can cut a deal for what they need to stop doing is this political
until you see what is hitting the midwest. >> first, efforts to stop the fiscal cliff. lawmakers flee the capital for their christmas break, that is next. comment.tense moments today at a south bay elementary school. as concerns over school safery remain high. the search for a gunman that triggered a lockdown -- ahead.and at 5-30.if you think the winter storm just wait until you see what's hiiting the midwest. but first tonight -- efforts to stop american from going off the fiscal cliff in dissarray. as lawmakers flee the break that's next. just before departing for his annual holiday vacation in hawaii, president obama leaders to take action on crisis. karin caifa reports from washington, where members of congress have also left town. >> good afternoon, everybody. >>reporter: after speaking with party leaders friday afternoon, president obama called on congress to quickly come up with a solution to avert some end- of-year tax hikes associated with the fiscal cliff. >> in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle clas
will there be a bargain to avert this fiscal cliff? >> the only way to stop a monster from killing our kids is to be personally involved and invested in a plan of absolute protection. >> the nr appeals a kickback after a group calls for more guns in schools to protect our kids. we'll talk to a mother, herself a victim of gun violence and an organizer with 1 million moms for gun control. >> they can keep pushing us and bumping us and moving us back. >> it's the holidays, you want to get home, but at the same time, what are you going to do? >> on this holiday weekend, thousands of flights delayed and we're watching that as the winter stom wallops the midwest and good day to you. i'm richard lui. the stalled fiscal cliff debate and the january deadline now just ten days away. president obama and his family are vacationing in hawaii and congress is on holiday recess after no new breakthrough and both sides are holding out and they'll be able to reach a deal. >> call me a hopeless optimist, but i actually still think we can get it done. >> of course, hope springs eternal and i know we have it in
to avoid the fiscal cliff. one you might see a benefit in the your paychecks next year. >> the president is cutting the number of parties for the inauguration. we'll ted you what is different. >> we'll tell you >> you're watching abc 7 news at 6:00. >> despite a major defeat over plan b speaker john boehner is encouraging republicans to work with democrats to avoid the fiscal cliff. this comes a day after president obama said he will pursue a less am by shougs budget deal with republicans. there is good news no matter what congress does to address the problem, it is too late for employers to with hold income taxes from paychecks next month. employers are going to with hold the tax for the 2012 rates. >> president obama is restricting the number of inaugural balls to the lowest number in 60 years. there will be only two official parties right now. there was 10 held the last time around. there will be a concert honoring military families held on saturday before the inauguration. >> before the ina ration christmas. we are three days away. the
go over the fiscal cliff. when they return, they will return to the familiar stalemate. president obama is calling on both sides to find a compromise. >> before heading off to hawaii to celebrate christmas, president obama tried to give lawmakers something to think about on their own holiday break. >> think about the obligations we have to the people. >> nine days before the fiscal cliff and not a creature was stirring in washington. negotiations at an impasse. the president says he hopes the holiday spirit will inspire a change of heart. >> they can drink some eggnog and have some christmas cookies. >> republicans say the president's deal is too hard to swallow. >> it would hurt jobs. >> speaker boehner's plan to raise taxes on americans making more than $1 million a year was scuttled by fellow republicans. it is dead in the water with senate democrats. president wants to lock in tax cuts for 98% of americans. some house republicans refused to raise taxes on anyone. for a few days, both sides are setting aside politics. >> i wish all of the american people in a blast and merry ch
john's sentiment. no yield anywhere else. what they will do is put a band aid on the fiscal cliff . >> and that's it for the cost of freedom. merry christmas . i will see you on fox business week days. noon eastern . home for the holidays. an american marine held in mexico notorous prison is finally freed just in time to make it home for christmas. january 1st gets closer and no deal to stop us from going over the fiscal cliff. a live report coming your way . the benghazi report. independent panel said the state department failed to connect the dots in security in benghazi. the state department concedes that mistakes are made . the lawmakers want to hear from the secretary of state. we'll talk to thitate department and congress. i am uma with news headquarters live from the nation's capitol starts right now. >> are we all going over the fisical cliff? there is still no deal. steve joins us from washington with the latest on thes. >> hi, uma, the fiscal cliff may be looming. but both sides are pulting the dial on hold. no deal for the tooks . at times it appeared congress was made
. >>> the january 1 deadline to reach a deal on the fiscal cliff is closing in. the president and congress remain just as divided. here i am. and now they're geographically divided, too. cnn's emily schmidt is in the nation's capital this morning. so president obama's in hawaii. house speaker john boehner and other lawmakers have gone home for the holidays. what does all this mean for the chance of getting a deal done before the deadline? >> reporter: no doubt that president obama went to a warmer climate with the weather and probably a warmer climate politically. if there's any negotiating that will be done now, it will have to be done long distance for the next few days. we know that speaker boehner and president obama spoke in washington yesterday before they left. but when you hear their final words to reporters, it shows there is a continued public divide. >> the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. but the president has -- what the president has offered so far simply won't do anything to
the fiscal cliff. there is no road map to the drafting of that legislation. there are only hopes and aspirations-- both much smaller than the president would prefer. this is the president's own plan "b", a scaled-back bill that seeks to protect tax rates for households earning less than $250,000 and extend jobless benefits for two million americans out of work for six months or more. it's a shadow of the big deal contemplated only days ago. >> in ten days we face a deadline. in ten days, under current law, tax rates are scheduled to rise on most americans. >> even though democrats and republicans are arguing about whether those rates should go up for the wealthiest individuals, all of us-- every single one of us-- agrees that tax rates shouldn't go up for the other 98% of americans. >> reporter: the president met with harry reid at the white house and spoke with house speaker john boehner. mr. obama said lawmakers need a break from fiscal cliff frustration-- much of it self- induced. >> we move forward together or we don't move forward at all so as we leave town for a few days to
the "fiscal cliff". plus. the rush is on at the post office to get those holiday greeting cards to their destinations. on time.now... >> jacqueline: of this look outside we are seeing showers with more rain fall. details on that, coming up. >> pam: now for a look at our top stories at eight- thirty. rain having a major impact on holiday travel. at san francisco international. more than 100-flights have been cancelled. and more are expected as more rain moves in. delays are running as long as three hours. just to check bags at some airlines! >> people in the north bay enjoying a bit of a reprieve tonight. but more wet weather is on the way for them. they woke up to howling wind and pounding rain early this morning. flooding is being reported in some parts of marin county. and many people heading out of town for the holidays on the roads couldn't escape wet conditions. the wet weather didn't make the friday getaway any easier. but things are starting to settle down at this hour. more rain however. is on the way. jacqueline bennett is forecast. >> jacqueline: the rain has not eve
fails to sell his colleagues on his plan to avoid the fiscal cliff. so what now? >> rather than face her own moral failings the media demonized lawful gun owners, amplify their cries for more laws and fill the national media with misinformation and dishonest thinking. >> and the nra breaks its silence for the first time since the massacre in newtown, connecticut. and blasts the media for glorifying violence. caution, you are about to enter the no spin zone, the factor begins right now. >> hi, everyone, i'm laura ingraham in for bill o'reilly. thanks for watching us tonight. just days before christmas. we begin with the best possible news. 27-year-old corporal john hammar, a former marine, who has been locked up in a mexican prison on a trumped up charge since august looking forward to spending christmas as a free man. a mexican judge ordered his release this morning after the factor launched a campaign for justifiable. hammar was arrested in matamoros mexico. he was following directions by declaring the gun to it mexican authorities. bill o'reilly who has been aggressively pursuing justi
students from around the country. also, the state of the fiscal cliff after a split among republicans; plus shields and gerson. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: the streets of egypt's second largest city were filled with clashing islamists and their opponents today. the groups confronted each other in alexandria. it was the eve of a final-round vote on a draft constitution that's backed by islamists and president mohammed morsi. supporters of morsi and protesters threw rocks at each other, and riot police intervened with tear gas. officials said at least 40 people were injured. it was unclear who started the fight. north korea has detained an american citizen, and says he confessed to unspecified crimes. he was identified today as kenneth bae, a korean-american tour operator from washington state. north korean state media said he entered the country, with a tour, on november 3. the north has detained five other americans since 2009. all were released, eventually. american leaders past and present paid tribute today to the late senator daniel ino
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